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1、扩大货币供应量的途径分析(Analysisofwaystoenlargethemoneysupply)AnalysisofwaystoenlargethemoneysupplyAbstract:tosolvetheproblemofinsufficientaggregatedemand,itisnotenoughtorelysolelyonactivefiscalpolicy,anditisnecessarytomakemonetarypolicyplayMoreimportantroleistoexpandthemoneysupply.Th
2、ereareonlytwowaystoexpandthemoneysupply:Oneistoincreasethebasemoney,twoistoraisethemoneymultiplier,andatthesametimetoincreasethepaceofthefinancialsystemreform.Keywords:moneysupply;basicmoney;monetarymultiplier;approachSince1999,thecentralgovernmenthasimplementedaproactivefi
3、scalpolicytomaintainsteadygrowthinthemacroeconomyHowever,therelativeinsufficiencyofaggregatedemandhasnotyetbeeneffectivelysolvedWhilethepolicyispositive,itisnecessarytomakemonetarypolicyplayamoreimportantroleandgivefullplaytomonetarypolicyTheroleofeconomicgrowth.Asfarasmone
4、tarypolicyisconcerned,animportantindicatoristhemoneysupply,Recently,someexpertsandscholarscalledfortheexpansionofthemoneysupplyin2000,sothatthemoneysupplyVolumegrowthismaintainedatahighlevel,therebyprovidingprotectionforeconomicgrowth.Then,thewaytoexpandthemoneysupplyWhere'
5、sthepath?Whatmeasuresshouldbetaken?I.determinantsandanalysisofmoneysupplyInthemodernmonetaryandbankingsystem,themoneysupplydependsontheaccumulationofthebasemoneyandthemoneymultiplier,Onlywhenwemakeadetailedstudyofthebasemoneyandmoneymultipliercanweaccuratelygraspthetrendoft
6、hemoneysupply.1.determinantsofmonetarybaseandempiricalanalysisThetheoryofmoneyandbankingshowsthatthebasemoneyconsistsofthecashincirculationandthesumofthereserveofthecommercialbank,Itisthebasisforcreatingmoneysupply.Asaresultofourcountry'sspecialnationalconditions,thecentral
7、bank'sbasecurrencyalsoincludesnon-Depositsinthefinancialsector,sothedefinitionofbasemoneyinthisarticleis:basemoney=issuemoney+goldDepositsininstitutionalLiabilities+non-financialinstitutions(thedatausedbelowarefromtheChineseunlessotherwisespecified)Quarterlystatisticsofpeop
8、le'sBankofChina).Accordingtohistoricaldata,China'sbasiccurrencyisontherise.Basemon